Fox Factory Holding Corp. (NASDAQ:FOXF) Shares Bought by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D raised its holdings in shares of Fox Factory Holding Corp. (NASDAQ:FOXF) by 57.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 40,824 shares of the company’s stock after buying an additional 14,858 shares during the quarter. State of New Jersey Common Pension Fund D owned about 0.10% of Fox Factory worth $2,755,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Kayne Anderson Rudnick Investment Management LLC raised its holdings in Fox Factory by 0.9% in the 3rd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,676,115 shares of the company’s stock valued at $364,229,000 after acquiring an additional 33,703 shares during the last quarter. FMR LLC lifted its position in Fox Factory by 46.2% during the third quarter. FMR LLC now owns 1,136,720 shares of the company’s stock worth $112,626,000 after buying an additional 359,168 shares in the last quarter. Conestoga Capital Advisors LLC boosted its stake in Fox Factory by 0.3% during the fourth quarter. Conestoga Capital Advisors LLC now owns 1,134,439 shares of the company’s stock worth $76,552,000 after buying an additional 3,935 shares during the last quarter. Van Berkom & Associates Inc. boosted its stake in Fox Factory by 15.6% during the third quarter. Van Berkom & Associates Inc. now owns 692,538 shares of the company’s stock worth $68,617,000 after buying an additional 93,378 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in Fox Factory by 1.1% in the 3rd quarter. Bank of New York Mellon Corp now owns 440,251 shares of the company’s stock valued at $43,620,000 after buying an additional 4,607 shares in the last quarter.

Fox Factory Trading Down 0.6 %

Shares of NASDAQ FOXF opened at $40.22 on Tuesday. The stock has a fifty day simple moving average of $48.64 and a 200-day simple moving average of $61.16. Fox Factory Holding Corp. has a twelve month low of $38.80 and a twelve month high of $117.68. The company has a current ratio of 3.70, a quick ratio of 1.91 and a debt-to-equity ratio of 0.61. The stock has a market capitalization of $1.69 billion, a PE ratio of 14.11, a PEG ratio of 3.40 and a beta of 1.64.

Fox Factory (NASDAQ:FOXF) last released its earnings results on Thursday, February 22nd. The company reported $0.48 earnings per share for the quarter, missing the consensus estimate of $0.82 by ($0.34). The firm had revenue of $332.50 million during the quarter, compared to analyst estimates of $327.07 million. Fox Factory had a net margin of 8.25% and a return on equity of 13.86%. The business’s revenue was down 18.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.43 earnings per share. On average, equities analysts forecast that Fox Factory Holding Corp. will post 2.42 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts have recently commented on FOXF shares. Stifel Nicolaus reduced their price target on Fox Factory from $56.00 to $45.00 and set a “hold” rating on the stock in a report on Wednesday, April 24th. StockNews.com lowered shares of Fox Factory from a “hold” rating to a “sell” rating in a report on Monday, February 26th. Truist Financial dropped their price target on shares of Fox Factory from $90.00 to $60.00 and set a “buy” rating for the company in a research note on Friday, February 23rd. Finally, Bank of America lowered shares of Fox Factory from a “buy” rating to a “neutral” rating and set a $55.00 price target on the stock. in a research report on Friday, February 23rd. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $66.00.

About Fox Factory

Fox Factory Holding Corp. designs, engineers, manufactures, and markets performance-defining products and system worldwide. The company offers powered vehicle products for side-by-side vehicles, on-road vehicles with and without off-road capabilities, off-road vehicles and trucks, all-terrain vehicles, snowmobiles, and specialty vehicles and applications, such as military, motorcycles, and commercial trucks; lift kits and components with shock products and aftermarket accessory packages for trucks; and mid-end and high-end front fork and rear suspension products.